Funding you earn now, next payment 00:00 UTC+0.0559%/8h= +61.2% APRpaid last 24h +0.036%
Price spread now: Phoenix against Phemex−0.027%7-day average +0.062% · you buy dearer than you sell
Net, funding: paid 7d − costs−$53as in the Funding arb table
Net, price: spread back to 7d avg − costs−$71as in the Price arb table
costs, in and out, $10k−$620.619% of the position
Funding, last 7 days+0.089%+$9 on $10k
+Price spread, last 3 days (all we have)−0.025%−$2 · spread now −0.027%, 7d avg +0.062%
=Funding pays, the price is against you. Phoenix is 0.090% cheaper against Phemex than usual: you would sell low and buy high (spread −0.027% now, against its 7-day average of +0.062%). If the spread goes back, that is −$9 on $10k: about 13 hours of funding at the current rate (+$17 a day). At the pace of the last 7 days (+0.089% in total) that is about 7.1 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.089% in total (about 4.6% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phemex SUIUSDT | 1.0562 | −0.0260 | get 0.0260% / 8h | 7h 26m | $11.8M | $25.2M | 50x |
| Short | Phoenix SUI | 1.0559 | 0.0299 | get 0.0037% / 1h | 26m 45s | $209K | $590K | 10x |
Phemex SUIUSDT
Phoenix SUIFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phoenix against Phemex. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $117.35
- Price spread: −0.027% → +0.062%
- −$8.97
- Slippage, 4 orders
- −$42.93
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- $46.46
- Costs to cover
- 0.619%
- Break-even
- 4.2 days
Slippage from Phemex: live order book, 2 min ago; Phoenix: live order book, 46 min ago.
Cost to enter
taker fee + slippage from the mid, one side; closing costs about the same again| Leg | Half-spread | $10k | $100k | $1M | $5M |
|---|---|---|---|---|---|
| Buy Phemex live order book, 2 min ago | 7.11 bp | 19.2 bp −$19 | 33.2 bp −$332 | doesn't fit | doesn't fit |
| Sell Phoenix live order book, 46 min ago | 0.96 bp | 12.3 bp −$12 | 42.9 bp −$429 | doesn't fit | doesn't fit |
SUI on 46 venues
lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Injective SUI/USDC PERP | −0.3416% | 1h | 1.0330 | −2.197% | $42K | $123K | 12x | as long as short |
| Bluefin SUI-PERP | −0.0586% | 1h | 1.0544 | −0.170% | $605K | $408K | 25x | as long as short |
| Hibachi SUI/USDT-P | −0.0440% | 1h | 1.0549 | −0.120% | $6K | $18K | 7x | as long as short |
| Reya SUIRUSDPERP | −0.0371% | 1h | 1.0551 | −0.104% | $4K | $3K | 20x | as long as short |
| Phemex SUIUSDTlong | −0.0260% | 8h | 1.0562 | long leg | $11.8M | $25.2M | 50x | |
| dYdX SUI-USD | 0.0000% | 1h | 1.0595 | +0.315% | $97K | $169K | 10x | as long as short |
| Kalshi KXSUIPERP | 0.0000% | 8h | 1.0562 | +0.002% | $484K | $4.9M | 2.5x | as long as short |
| Deribit SUI_USDC-PERPETUAL | 0.0000% | 1h | 1.0558 | −0.038% | $205K | $582K | 25x | as long as short |
| gTrade (Gains Network) SUI/USD | L +0.0003% / S −0.0002% | 1h | 1.0560 | −0.020% | $122K | — | 150x | as long as short |
| Kraken Futures PF_SUIUSD | +0.0038% | 1h | 1.0563 | +0.011% | $7.3M | $23.8M | 50x | as long as short |
Injective SUI/USDC PERP
Bluefin SUI-PERP
Hibachi SUI/USDT-P
Reya SUIRUSDPERP
dYdX SUI-USD
Kalshi KXSUIPERP
Deribit SUI_USDC-PERPETUAL
gTrade (Gains Network) SUI/USD
Kraken Futures PF_SUIUSDShow all 46 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| 01 Exchange SUIUSD | +0.0072% | 1h | 1.0560 | −0.019% | $9K | $9K | 10x | as long as short |
| Lighter SUI | +0.0096% | 1h | 1.0601 | +0.367% | $818K | $5.8M | 10x | as long as short |
| Lighter RH SUI | +0.0096% | 1h | 1.0593 | +0.289% | $280K | $2.0M | 10x | as long as short |
| Popdex SUIUSDT | +0.0096% | 1h | 1.0557 | −0.047% | $30K | $481K | 50x | as long as short |
| Orderly PERP_SUI_USDC | +0.0100% | 8h | 1.0556 | −0.057% | $47K | $312K | 20x | as long as short |
| Paradex SUI-USD-PERP | +0.0100% | 8h | 1.0638 | +0.724% | $28K | $9K | 30x | as long as short |
| Nado SUI-PERP | +0.0100% | 1h | 1.0554 | −0.071% | $671K | $1.4M | 10x | as long as short |
| Aster SUIUSDT | +0.0100% | 8h | 1.0581 | +0.182% | $1.0M | $4.8M | 75x | as long as short |
| Pacifica SUI | +0.0100% | 1h | 1.0601 | +0.372% | $230K | $253K | 10x | as long as short |
| Binance SUIUSDT | +0.0100% | 8h | 1.0606 | +0.417% | $157.7M | $1.02B | 75x | as long as short |
| Bybit SUIUSDT | +0.0100% | 8h | 1.0613 | +0.483% | $106.3M | $304.3M | 50x | as long as short |
| OKX SUI-USDT-SWAP | +0.0100% | 8h | 1.0607 | +0.426% | $42.5M | $390.6M | 50x | as long as short |
| Arcus SUI-USD | +0.0100% | 1h | 1.0550 | −0.114% | $47K | $387K | 10x | as long as short |
| Bulk SUI-USD | +0.0100% | 1h | 1.0564 | +0.021% | $248K | $1K | 10x | as long as short |
| Gate SUI_USDT | +0.0100% | 8h | 1.0579 | +0.161% | $171.1M | $81.2M | 50x | as long as short |
| MEXC SUI_USDT | +0.0100% | 8h | 1.0602 | +0.379% | $156.4M | $295.4M | 300x | as long as short |
| KuCoin SUIUSDTM | +0.0100% | 8h | 1.0589 | +0.256% | $51.7M | $52.7M | 75x | as long as short |
| Bitget SUIUSDT | +0.0100% | 8h | 1.0583 | +0.199% | $69.6M | $165.3M | 75x | as long as short |
| BingX SUI-USDT | +0.0100% | 8h | 1.0581 | +0.180% | — | $81.5M | — | as long as short |
| Backpack SUI_USDC_PERP | +0.0100% | 1h | 1.0557 | −0.047% | $678K | $1.1M | 20x | as long as short |
| Variational Omni SUI | +0.0100% | 8h | 1.0491 | −0.673% | $2.4M | $2.9M | — | as long as short |
| edgeX SUIUSDC | +0.0100% | 4h | 1.0548 | −0.135% | $171K | $4.5M | 20x | as long as short |
| GRVT SUI_USDT_Perp | +0.0100% | 8h | 1.0526 | −0.341% | $459K | $7.3M | 10x | as long as short |
| ApeX Omni SUIUSDT | +0.0100% | 1h | 1.0560 | −0.019% | $242K | $479K | 50x | as long as short |
| Polymarket Perps SUI-USD | +0.0100% | 1h | 1.0563 | +0.009% | $120K | $752K | 10x | as long as short |
| SunX SUI-USDT | +0.0100% | 8h | 1.0565 | +0.028% | $3K | $1.9M | 30x | as long as short |
| SoDEX SUI-USD | +0.0100% | 1h | 1.0557 | −0.047% | $6K | $2.3M | 10x | as long as short |
| HTX SUI-USDT | +0.0100% | 8h | 1.0552 | −0.095% | $651K | $18.6M | 75x | as long as short |
| Extended SUI-USD | +0.0104% | 1h | 1.0572 | +0.097% | $1.5M | $3.9M | 50x | as long as short |
| Aevo SUI-PERP | +0.0104% | 1h | 1.0560 | −0.016% | $40K | $16K | 3x | as long as short |
| Coinbase International SUI-PERP-INTX | +0.0200% | 1h | 1.0559 | −0.028% | $996K | $14.4M | 50x | as long as short |
| BloFin SUI-USDT | +0.0220% | 8h | 1.0547 | −0.142% | $8.1M | $24.7M | 100x | as long as short |
| Phoenix SUIshort | +0.0299% | 1h | 1.0559 | −0.027% | $209K | $590K | 10x | |
| Hyperliquid SUI | +0.0407% | 1h | 1.0599 | +0.350% | $77.1M | $79.4M | 10x | as long as short |
| GMX SUI/USD [ETH-USDC] | L +0.0641% / S −0.0324% | 1h | 1.0557 | −0.045% | $918K | — | 100x | as long as short |
| Aftermath Perps SUIUSD | +0.0913% | 1h | 1.0528 | −0.325% | $76K | $381K | 10x | as long as short |
01 Exchange SUIUSD
Lighter SUI
Lighter RH SUI
Popdex SUIUSDT
Orderly PERP_SUI_USDC
Paradex SUI-USD-PERP
Nado SUI-PERP
Aster SUIUSDT
Pacifica SUI
Binance SUIUSDT
Bybit SUIUSDT
OKX SUI-USDT-SWAP
Arcus SUI-USD
Bulk SUI-USD
Gate SUI_USDT
MEXC SUI_USDT
KuCoin SUIUSDTM
Bitget SUIUSDT
BingX SUI-USDT
Backpack SUI_USDC_PERP
Variational Omni SUI
edgeX SUIUSDC
GRVT SUI_USDT_Perp
ApeX Omni SUIUSDT
Polymarket Perps SUI-USD
SunX SUI-USDT
SoDEX SUI-USD
HTX SUI-USDT
Extended SUI-USD
Aevo SUI-PERP
Coinbase International SUI-PERP-INTX
BloFin SUI-USDT
Hyperliquid SUI
GMX SUI/USD [ETH-USDC]
Aftermath Perps SUIUSD